FirstCash reports Q2 EPS $1.34, consensus $1.67

Reports Q2 revenue $830.62M, consensus $822.64M. CEO Rick Wessel stated, “FirstCash (FCFS) is pleased to report outstanding earnings results for Q2 and year-to-date periods. Pawn demand remains extremely robust, with local currency same-store pawn receivables up 13% in both the U.S. and Latin America, driving strong earnings growth for both segments. AFF posted growth in originations for the second quarter and a segment earnings increase of 46% versus last year. Driven by strong cash flows, the Board of Directors increased the quarterly cash dividend by 11%, which further reflects the strength of our business and long-term earnings prospects.”